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Senate Parliamentarian Deals Setback to Proposal to Defund CFPB
Republicans’ plan to defund the Consumer Financial Protection Bureau (CFPB) as part of President Donald Trump’s tax and spending bill, the “Big, Beautiful Bill,” has suffered a setback by ...

CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook’
Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. [contact-form-7] In response, the company’s CarMax Auto Finance (CAF) business bo...

Uber AI Solutions Expands Resources for Training AI Models and Agents
Uber Technologies’ artificial intelligence (AI) data services business, Uber AI Solutions, has added new solutions and now makes them available to AI labs and enterprises in 30 countries. [conta...

Instant Payments and Stablecoins Demand Core Banking System Upgrades
For decades, banking infrastructure meant heavy metal — mainframes, on premises, in-house and legacy systems layered upon legacies. Batch systems and processing, and a set schedule of money movement...

Multiplier Holdings Publicly Launches Business Building AI-Native Professional Services Firms
Multiplier Holdings announced its public launch Wednesday (June 18), saying it had raised $27.5 million in seed and Series A funding to acquire professional services firms and enhance them by integrat...

Cerby CEO Sounds the Alarm on Banks’ Identity Verification Failures
As cyberthreats scale in both volume and sophistication, enterprises are being forced to reevaluate the assumptions of digital security. [contact-form-7] In the midst of this reformation, pr...

43% of Struggling Households Can’t Afford Essentials Without Credit, Study Finds
New analysis challenges conventional assumptions about consumer credit reliance, revealing that financial stability — not merely income — is the primary determinant of how consumers use credit, fr...

WEX Corporate Payments Chief Says Virtual Cards Adoption Needs a Strategy Refresh
For years, B2B payments innovation has focused on driving forward the shift from paper checks to digital platforms. [contact-form-7] But this transition has been both a long time coming and...

Digital Innovation Opens Doors for Credit Unions to Broaden Membership
Credit unions (CUs) face a critical juncture that threatens their long-term viability. [contact-form-7] Baby boomers dominate CU membership, making up 39% compared to 31% for millennials and...

New Itinerary: How Invoice-to-Pay Platforms Are Transforming Hospitality
Manual accounts payable (AP) processes are emerging as a significant pain point for the hospitality sector. In an indust...